Issue - meetings

Report of the Chief Executive.

Councillor Philip Whitehead, Leader of the Council and Cabinet member for Economic Development, MCI and Communications presented the report (i) setting out the forecast receipts from disposals for the next three financial years; and (ii) seeking approval to declare 3 assets to be declared surplus and capable of review to determine the best financial return for the council.

Cllr Whitehead reminded Cabinet that they had previously approved a revised approach to disposal of surplus assets, and once the assets had been declared surplus each site will be considered by the Asset Gateway Group.  The Group would determine the best financial return for the Council, during which time other uses of the sites would be considered and determine what is in the best interest for the Council, both from a service and financial perspective.

Cllr Pip Ridout, Chair of the Financial Planning Task Group confirmed that the Task group had held in depth discussions about the proposals contained in the report at their meeting on 26 November 2020. There were no additional comments to add to the Task Group notes that were circulated prior to the Cabinet meeting and published on the appropriate website pages.

Resolved:

1.    To note the position in respect of disposals for financial years 2018/19, 2019/20 and 2020/21

2.    To confirm that freehold interest of the 3 assets can be sold by the Council.

3.    To Authorise the Director for Housing and Commercial to dispose of the freehold interest in the assets or in his absence the Corporate Director - Resources.

Reason for Decision:

To note the current position in respect of capital receipts and confirm the

freehold interest in the assets can be sold to either generate capital receipts in

support of the Council’s capital programme or reuse to generate income for the Council.